(Answered) Question - josephines bakery had the following assets and

Accounting

Question - Josephine's Bakery had the following assets and liabilities

Assets Liabilities

Beginning of the year 250,000 75,000

End of the Year 375,000 200,000

If Josephine invested an additional $20,000 in the business and withdrew $10,000 during the year, what was the amount of net income for the period earned by Josephine's Bakery?

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